No crisis? Phew

Years of government spending more than our income meant that we could continue to enjoy all the benefits of a profligate society without having to worry about who pays.

Interest cost of $1 billion per month can be passed on to our children and grandchildren.

When they read Leonie’s letter, they won’t blame us, they will realise that it wasn’t a crisis after all.

With that never-ending bucket of taxpayers’ – oops, I mean government – cash to dish out, why put off for tomorrow what you can have and spend on today>

In any case, we won’t be around when Australia joins the Greek, Portuguese and Italian debtors’ club, so why worry.

Eat, drink and be merry for tomorrow, our kids will pay the tab.